Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation

Overview of Treasury Stock Disposal

Nichirin Co., Ltd. resolved to dispose of 15,350 shares of treasury stock at ¥4,045 per share under the restricted stock compensation plan, with the payment date set on May 22, 2026. The total disposal amount is ¥62,090,750. The allocation includes 9,250 shares to 5 directors and 6,100 shares to 6 executive officers. The disposal price is based on the closing price of the previous business day and was set on a reasonable, non-favorable basis.

Details and Purpose of the Restricted Stock Compensation Plan

This plan was introduced in 2019 aiming to enhance awareness contributing to sustainable corporate value improvement. The transfer restriction period spans 30 years from May 22, 2026 to May 21, 2056. Transfer restrictions are lifted provided the allottees continuously hold their position. If they resign before the restriction release, the number of shares for which the restriction is lifted is determined by a specific calculation. Shares for which the restriction is not lifted will be acquired without compensation.